What is the issuance and circulation of Altura (ALU) coins?

ALU's initial token distribution allocated 60% to the ICO sale, with a circulating supply that has gradually increased as team and ecosystem fund tokens are released, currently standing at approximately 260 million ALU.

Dec 04, 2024 at 06:35 am

Understanding Altura (ALU) Coin Issuance and Circulation

1. Initial Coin Offering (ICO)

• Altura conducted an ICO in 2018, raising approximately $15 million.
• The ICO sale offered ALU tokens at a price of $0.05 each.
• The ICO distributed a total of 300 million ALU tokens, representing 60% of the total supply.

2. Token Distribution

• The initial token distribution was as follows:

  • 60% (300 million ALU): ICO sale
  • 20% (100 million ALU): Team and advisors
  • 10% (50 million ALU): Ecosystem development fund
  • 10% (50 million ALU): Reserved for future issuance

3. Token Release Schedule

• The team tokens were released over a 4-year period, with 25% released each year.
• The ecosystem fund tokens were released gradually over a 3-year period.

4. Circulating Supply

• The circulating supply of ALU tokens has gradually increased over time, as more tokens are released from the team and ecosystem fund holdings.
• As of 2023, the circulating supply is approximately 260 million ALU.

5. Total Supply

• The total supply of ALU coins is 500 million, with the remaining 240 million tokens still reserved for future issuance.
• These reserved tokens may be used for various purposes, such as further ecosystem development, staking rewards, or strategic partnerships.

6. Token Economics

• Altura designed its token economics to incentivize long-term adoption and participation in the Altura ecosystem.
• The platform offers staking rewards to token holders who lock their ALU tokens for a specified period, providing both passive income and network security.
• Additionally, ALU tokens are used for transaction fees on the Altura blockchain, further increasing their utility and value.

7. Staking Rewards

• Users who stake their ALU tokens earn rewards for contributing to the network's security and stability.
• Staking rewards are distributed every block and are calculated based on the number of staked tokens, the duration of staking, and the network's block production rate.

8. Transaction Fees

• Altura uses a transaction fee mechanism to incentivize network participants and cover operational costs.
• Transaction fees are paid in ALU tokens and vary depending on the transaction type and complexity.
• Higher fees result in faster transaction processing times and prioritize transactions in the mempool.